Flash: Asia week ahead – TD Securities

FXstreet.com (London) - Annette Beacher, Head of Asia-Pacific Research, FX and Rates Strategy at TD Securities puts Asia in focus on the calendar for the rest of the week.

Key Quotes:

“AUD The marquee Q3 CPI report is released Wed where TD f/c headline +0.6%/qtr and +1.6%/yr (mkt +0.8%/1.8%) and underlying +0.5%/qtr and +2.1%/yr (mkt +0.6%/2.2%/yr). RBA Dep Gov Phil Lowe speaks inMelbourne at CFA conference on Thu, topic unknown but QnA is scheduled”.

“NZD Expect another nasty trade balance on Thu, with Sep and Sep qtr being seasonally weak for dairy exports but strong for imports. TD forecasts -$NZ700m with upside risk if imports stay elevated. The RBNZ OCR Review is delayed to Oct 31, not the ‘usual’ timing of Thu Oct 24”.

“CNY Oct HSBC PMI flash estimate is released Thu. We don’t believe this survey predicts future Chinese activity, but it is closely watched in FX and commodity price world. Last reading 51.2